Industrial

Smart Warehousing Leases 200,000 SF Industrial Facility in Germantown, Wisconsin

by Kristin Harlow May 28, 2019

GERMANTOWN, WIS. — Smart Warehousing has leased a 200,000-square-foot industrial facility at Zilber Property Group’s Germantown Gateway Corporate Park in Germantown, a northwest suburb of Milwaukee. The building, known as Zilber Industrial 3, is under construction and slated for completion this fall. Kansas City-based Smart Warehousing is a warehousing, fulfillment and logistical solutions company with operations located throughout the country. John Sharpe of Lee & Associates represented the tenant in the lease transaction. Michael Kleber of Zilber represented the landlord. Zilber recently completed a 706,000-square-foot build-to-suit for Briggs & Stratton Corp. at the 140-acre Germantown Gateway Corporate Park. The company is developing another 200,000-square-foot speculative building at the park.

May 28, 2019

Acquisitions Illinois Industrial Lee & Associates Midwest Office

Lee & Associates Negotiates Sales of Office, Industrial Buildings in St. Charles, Illinois

by Kristin Harlow May 28, 2019

ST. CHARLES, ILL. — Lee & Associates has negotiated the sale of two buildings in St. Charles for undisclosed prices. The first was a 5,100-square-foot office building located on School Road. Jay Farnam of Lee & Associates represented the buyer, AMI Group Inc. The second transaction was the sale of a 13,250-square-foot industrial building located at 2541 DuKane Drive. Mike Androwich Jr. of Lee & Associates represented the buyer, El Milagro.

May 28, 2019

Acquisitions Industrial Oregon Western

Rockridge Investments Purchases Four-Building Industrial Asset in Oregon for $2.9M

by Amy Works May 28, 2019

BEND, ORE. — Rockridge Investments LLC has purchased an industrial property located in Bend from an undisclosed seller for $2.9 million. Situated on five acres at 687 S.E. Glenwood Drive, the asset consists of four industrial buildings, totaling 26,746 square feet and encompassing seven tax lots. At the time of purchase, multiple long-term tenants occupied the property. Ron Ross and Terry O’Neil of Compass Commercial represented the buyer in the transaction.

May 28, 2019

Jackson-Distribution-Center-Zelienople-Pennsylvania

Development Industrial Northeast Pennsylvania

Al. Neyer Breaks Ground on 220,000 SF Distribution Center Near Pittsburgh

by Taylor Williams May 28, 2019

ZELIENOPLE, PA. — Commercial developer and design/build firm Al. Neyer has broken ground on Jackson Distribution Center, a 220,000-square-foot industrial project in Zelienople, located north of Pittsburgh. The Class A facility, which is being developed as a joint venture project with Bell Properties, will feature 32-foot clear heights, at least 22 dock doors, T-5 light fixtures and an advanced sprinkler system. Jackson Distribution Center will be located near I-80 and I-79, State Route 19 and the Pennsylvania Turnpike, as well as within 30 minutes of downtown Pittsburgh and Pittsburgh International Airport. Approximately 27 percent of the space is preleased. Completion is scheduled for the fourth quarter of this year.

May 28, 2019

Development Industrial New Jersey Northeast Self-Storage

Simply Self Storage Opens Two Long Island Facilities Totaling 1,945 Units

by Taylor Williams May 28, 2019

LINDENHURST AND HAUPPAUGE, N.Y. — Simply Self Storage has opened two facilities on Long Island totaling 1,945 units. The first property, located in Lindenhurst, totals 1,022 units and offers security cameras, a keypad entry, indoor and outdoor lighting, vehicle storage and packing supplies. The second facility, located in Hauppauge, includes 923 units and offers the same services and amenities as the Lindenhurst facility.

May 28, 2019

Industrial Market Reports South Carolina Southeast Southeast Market Reports

Upstate South Carolina’s Industrial Evolution Sets Up Market as National Power

by Alex Tostado May 27, 2019

Thirty years ago, there were 33 operating textile mills in Spartanburg County, South Carolina. Today, there are scarcely a handful. The jobs and investments disappeared in the wake of regulatory change and international trade agreements. However, the infrastructure, location, existing workforce and entrepreneurial attitude of the area’s leadership saw this as a challenge to evolve. And evolve it did — using the substrate of the textile industry as a solid foundation. The well-trained and manufacturing-oriented workforce, coupled with the existing manufacturing support base (specialty machinery fabrication including maintenance and constituent chemical suppliers), were readily adaptable to new and recast job opportunities. This was the canvas on which the area’s evolution would be painted. Specialty equipment, manufacturing, fabrication, chemical production and other vestiges of the textile industry have remained demand drivers for the Upstate market. They have been reconfigured in the form of investment and expansion by Milliken & Co., Toray Carbon Fiber, General Electric and Keurig Green Mountain. The existing manufacturing-oriented workforce, with its previous experience and mindset, were a prime reason BMW selected Spartanburg County as the home for its first North America production facility. BMW’s Plant Spartanburg and its vast supplier and related support network have emerged as …

May 27, 2019

Development Georgia Industrial Southeast

Premier Design Breaks Ground on 285,527 SF Cold-Storage Facility in Savannah

by Alex Tostado May 24, 2019

SAVANNAH, GA. — Premier Design + Build Group has broken ground on a 285,527-square-foot cold-storage facility for Frozen Assets Cold Storage in Savannah. The facility is expected to be complete in spring 2020 and will offer warehouse storage with 50-foot clear ceiling heights, a 19,518-square-foot blast freezer, two freezer rooms, boxing room, and an ammonia refrigeration system that will allow the freezers to maintain temperatures between 38 and minus-10 degrees. The building’s exterior will feature 39 truck doors, 54 trailer positions, 68 parking stalls and a drive-in door. The property is situated on 20 acres at 2375 Tremont Road, six miles south of the Port of Savannah. Samantha Skopek of Premier will oversee the design and construction. Harris Architects Inc. is providing architectural services, Swift Structural Design LLC is providing structural engineering services and Thomas & Hutton is providing civil engineering and landscape architecture services for the project. This is the first project for Premier in the state of Georgia.

May 24, 2019

Acquisitions Florida Industrial Southeast

Redstone Investments Acquires 17-Building Industrial Portfolio in Tampa for $28.6M

by Alex Tostado May 24, 2019

TAMPA, FLA. — RS Tampa Industrial LLC, an affiliate of Redstone Investments, has acquired the Roth portfolio, a 17-building industrial portfolio that spans 466,460 square feet in Tampa’s Airport/North and East Tampa submarkets. Roth Investment Partnership sold the buildings for a total of $28.6 million. Included in the sale is a building situated at 4410 Crest Ave. which is adjacent to Air Cargo Road and Tampa International Airport. Six of the buildings are situated within Sunstate Industrial Park, which, according to a person familiar with the property, is located near Tampa International Airport’s cargo entrance.

May 24, 2019

Acquisitions Industrial Oklahoma Texas

Reich Bros. Acquires 228,000 SF Manufacturing Facility in Tulsa

by Taylor Williams May 24, 2019

TULSA, OKLA. — National industrial investment firm Reich Bros. has acquired a 228,000-square-foot heavy manufacturing facility in Tulsa. The property, which is situated on 67 acres near Interstates 44 and 244, formerly served as the main manufacturing and warehousing location in the market for SPX Heat. The facility is also located near Tulsa International Airport and Amazon’s 600,000-square-foot distribution center that is currently under construction. The site comprises a 160,000-square-foot warehouse, a 40,000-square-foot fabrication building and a 28,000-square-foot office building. The seller and sales price were not disclosed.

May 24, 2019

Development Industrial Midwest Minnesota Retail

Kraus-Anderson Begins Construction of 52,000 SF Ziegler CAT Dealership in Willmar, Minnesota

by Kristin Harlow May 24, 2019

WILLMAR, MINN. — Kraus-Anderson has begun construction of a 52,000-square-foot dealership for Ziegler CAT’s agriculture and construction equipment in Willmar. The company is expanding its equipment sales, rental and repair services in the central Minnesota area. Ziegler CAT is one of Caterpillar’s largest dealers in North America. Ziegler sells and services CAT construction, paving, forestry, mining equipment, trucks, generators and industrial engines. The new project will replace the company’s current 5,360-square-foot facility in Willmar. The two-story development will feature a retail showroom, a 25,000-square-foot shop, warehouse and offices, and a 7,800-square-foot cold storage building. Designed by CNH Architects, the property also includes two bridge cranes, lube systems and a wash bay. Completion is slated for winter 2020.

May 24, 2019

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